The Business Times, 4 September 1982
1982-09-04
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The Business Times
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Title Section11 1982-09-04 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, SEPTEMBER 4, 1982 60 CENTS11 words
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312 1982-09-04 1 JOHN LIM - By JOHN LIM POLICE yesterday seized more than 100,000 recorded cassette tapes in an antipiracy raid conducted jointly with local phonogram industry associations. The tapes will be "screened" over the next few days to determine if copyrights have been infringed. With pirated cassette312 words
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300 1982-09-04 1 TWO directors of Kie Hock Shipping Pte Ltd have been ordered by the High Court to pay the Official Receiver $11.55 million plus costs in a case arising out of the winding up of the company in May 1978. They are Mr300 words
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463 1982-09-04 1 BERNADETTE CHOOI - By BERNADETTE CHOOI THE PRICE of gold soared by 10 per cent yesterday to reach US$456 an ounce amidst growing fears about the stability of the world financial system. It was triggered off by Mexico's announcement on Thursday that it was nationalising463 words
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528 1982-09-04 1 CHAN OI CHEE - By CHAN OI CHEE INTRACO is diversifying into public and private housing in Malaysia. Yesterday, the trading company announced that it has subscribed for a 25 per cent share in Malaysian construction company Syarikat Pembinaan PKNK Sdn Bhd, whose name will be changed to Syarikat528 words
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342 1982-09-04 1 A GLASS reinforced pipes manufacturing plant will start production in Singapore in about one-and-a-half years' time to cater to the Asean market. Cord Far East (Pipes) Ltd, which has Just been registered here and has an initial investment of US$2O million, will342 words
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BRIEFLY...
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Article74 1982-09-04 1 AP THE Fair Trade Commission (FTC) in Japan has started investigating four major Japanese soda ash makers and an importer who allegedly formed a cartel to restrict the quantity and prices of imported soda ash. America has charged that Japan's market is virtually closed to foreign productsAP - 74 words
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Article56 1982-09-04 1 Reuter UNEMPLOYMENT in West Germany rose by almost 40,000 last month to 1.8 million, the highest August total in the country's 33-year history. The Bonn government announced that some 7.4 per cent of the workforce was jobless last month against 7.2 per cent in July and 5.5 perReuter - 56 words
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Article66 1982-09-04 1 Reuter THE World Bank has delayed granting a US$ll5 million loan to the State Railway of Thailand while the Thai government considers the bank's condition to stop operating eight money-losing routes. The loan had originally been approved for railway expansion during Thailand's fifth five-year development plan whichReuter - 66 words
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Article86 1982-09-04 1 Reuter THE International Labour Organisation has asked the Soviet Union to comment on reports that it is using forced la boar to build its Siberian gas pipeline. The request was in response to a call by the International Confederation of Free Trade Unions for an ILO inquiry. TheReuter - 86 words
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Article66 1982-09-04 1 AFP A WEST European zinc industry restructuring programme involving the closure of several foundries will be submitted for approval to the European Economic Commission. Designed to cope with excess capacity, the plan has been drawn up by zinc producers and includes the setting up of a US$BO millionAFP - 66 words
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Article66 1982-09-04 1 Reuter GEOLOGISTS have discovered major uranium deposits in volcanic areas of South-east China. No further details of the size or location of the deposits was given. In the past several years, Beijing has revealed the existence of uranium reserves in the provinces of Hunan, Guangdong and Yunnan. China,Reuter - 66 words
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Article51 1982-09-04 1 AP CHINA will invite foreign bids for the construction of a 1.2 billion yuan (US$63O million), 600-megawatt hydro-electric power station in Yunnan province. Work is expected to start in late 1983 and be completed by 1989. China has applied for a World Bank loan to finance the project.AP - 51 words
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Article31 1982-09-04 1 Reuter JAPAN and the United States have agreed to conduct a joint study on ways to defend Japan's sea lanes up to 1,000 nautical miles from its shores. ReuterReuter - 31 words
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Article, Illustration206 1982-09-04 1 MR 8 CHANDRA DM above), the migli director ef latraee, la meet likely to become the dm at the helm of the aew Trade Devetopmeat Baard. It to —derataad that flaal arraagemeato are still bring worked out hefare aay aaaaaaeemeat to made. Thto to206 words
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480 1982-09-04 1 WONG SOUK YEE - By WONG SOUK YEE AMERICAN investments in Singapore increased by $3.3 billion over the past four years, bringing the total Mt6.5 billion. Of this, about $2.9 billion was pumped into the manufacturing sector with over $1 billion invested in fixed assets. Mr480 words
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Page 1 Advertisements
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Advertisement244 1982-09-04 1 |~~~;-|!":%&+\@!)''$@;&~@()?-<\ IKMDS MEXICO'S central bank governor has resigned, apparently reflecting his opposition to strict exchange controls imposed by President Portillo Page 2 THE Japanese economy is recovering steadily on the strength of growing domestic demand after overcoming the effects of oil price increases Page 5 NOVOTEL SIEH, a leading hotel244 words
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Advertisement44 1982-09-04 1 Wi 'X, V 0 0 i v^l Pa y /U A m y /A 9 '4 w i' 2 t k over brld Trade Cent* 4-12 September 11.00 am 9.30 pm daily 14th Festival of Books PENGUIN BOOKS Represented by FEDERAL PUBLICATIONS Since 197044 words
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Advertisement88 1982-09-04 1 The Straits T5?!? 65 Times Key I£££ DIRECTORY Agencies Singapore (Buku Merah) GRAMDSLAM by AIUNSING\NL4R USA Professional golfer Keith Fergus selects the ultimate in comfort when he wears this GRAND SLAM golf shirt by Munsingwear Keith chooses GRAND SLAM because he cares alxiui fit. function and fashion tokxik and feel88 words
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BANKING AND FINANCE
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Article129 1982-09-04 2 THE Hongkong branch of Korea Exchange Bank has launched a US$3O million floating rate certificate of deposit in the Asian dollar I market. The lead managers for the issue in the Hongkongbased market are First Chicago Hongkong Ltd and Tokyo Finance (Asia). The agreement129 words
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Article110 1982-09-04 2 AFP FIVE major Thai banks have cut their interest rates on loans and deposits, the Thai Bankers' Association said. The move followed last month's reduction of the discount rate on loans by commercial banks from the Bank of Thailand. Thursday's announcement said that the lendingAFP - 110 words
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678 1982-09-04 2 Reuter THE Mexican central bank's governor has resigned, apparently reflecting his opposition to strict exchange controls imposed by President Jose Lopez Portillo in an effort to steer the country out of a deep financial crisis. No official reason was given for Manuel Mancera's resignationReuter - 678 words
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152 1982-09-04 2 THE London gold futures market will hold a meeting later this month to consider a recommendation to change the currency of the five-month old sterling denominated market. Futures market board chairman Keith Smith was speaking after a board meeting which considered replies to a152 words
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Article237 1982-09-04 2 UPI BANKS in Bolivia have halted all trading in dollars as the Bolivian peso hits a new low and now is worth a mere one-ninth of what it was seven months ago. The pesos-to-dollar exchange rate closed on Thursday at 275, nine times what it wasUPI - 237 words
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200 1982-09-04 2 Reuter THE Iateraattoa»J Meaetary r*mi (IMF), labeariag to fer Mexiee, will ffw hnip huh to e—II—e to make treat inlliMn to the "aw* IMP atratogtota aSto feade srsltotoe to Mexk», patMttolty nkmMt •r Mt Mr Itoee at nhjMkifpMd total JMITOMM >■1111 agatoReuter - 200 words
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845 1982-09-04 2 Reuter CUBA has officially announced to foreign ambassadors that it has asked Japanese and Western banks to renegotiate the terms of debt payments falling due in the next three years. Jose Viera, Cuban Deputy Minister of Foreign Affairs, said on Thursday Cuba's fastReuter - 845 words
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Article151 1982-09-04 2 Reuter THE US Department of Agriculture has paid US$23B million to banks and grain exporting companies since January in reimbursement (or loans made to Poland for past purchases of farm products. Lester Lecompte, controller of USDA's Commodity Credit Corp, said the most recent payments for loansReuter - 151 words
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MONEY AND EXCHANGES
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Article336 1982-09-04 2 GOLD futures in Singapore yesterday closed generally firmer on short-covering interest prompted by stronger overseas gold prices. Trading was light with total sales for the day Unrecorded at 154 lots while >. kerb volume at 261 lots. >* Prompt closed higher at ■Z U*****.50/447.50 an ounce against 438/440 in336 words
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Article27 1982-09-04 2 New York 8.35B unav 8.4JS Zurich 7.T5B 7JBS Singapore r n 1WI 8.S5B 8.806 Ck*tng pric la US dollars troy ouno Source: Credit Suisse, S'pore27 words
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Article22 1982-09-04 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10.29 per cent.22 words
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Article166 1982-09-04 2 ASIAN ASIAN currency deposit interbank rates as at close on Sep 3: Closing Asian dollar certificates of deposit for prime names on Sep 3: 7 days 1 month 2 months 3 months months 9 months 12 months U8IMfen<8pt> 11 10% UM 11% 117/18 115/18 11% 11% 12% 12% 13 12%166 words
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Article43 1982-09-04 2 RANGE of ohem otter ed by dlscount houeei i on Sep J: Overnight >*« Call depoa Ha: 1** ClMtag 3-month 8«Uix Treasury bills 3* 3* 3-month Bank bills 3/16 81/16 3 months CD 7H 7% 0 months CD 6 Source: National Discount Co43 words
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Article49 1982-09-04 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Sep 6 to Sep 10: Offered: $165,000,000 Applied far: 1252,600,000. Alletted: $165,000,000. Accepted Uds: $99.20 approximately 92 per cent; higher bids in full. Average rate «I dfeeeut •a allstmat: 3.155 per cent per annum.49 words
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Article34 1982-09-04 2 Banknote rate* yesterday US 6.02/6.04 UK 10.50/10.60 Brunei 2.78/2.80 W Germany 2.445 2.465 Malaysia 2.57/2.59 Philippines 0.675/0.685 Singapore 2.80/2.82 Burma —1.50/2.50 India 4.90/5.10 Indonesia 0.84/0.87 Japan 2.350/2.360 Korea 0.68/0.73 Thailand 26.60/27.00 Taiwan 14.30/14.5034 words
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Article454 1982-09-04 2 THE US dollar eased slightly against most major currencies on the local foreign exchange market yesterday. As it was a Friday, trading was slow with little fluctuations seen in the rates. There were also uncertainties with Mexico's nationalisation of banks. The US dollar, in the past few days,454 words
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Article204 1982-09-04 2 THE DOLLAR for overnight delivery In Tokyo yesterday closed firmer at 256.40 yen compared with the 255.70 opening after fluctuating between 255.40 and 256 70 in quiet trading. It stood firmer compared with the 255.50/70 New York close but was still below the 258.30 close in Tokyo on Thursday.204 words
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Article440 1982-09-04 2 AT CONVENTIONAL WHARVES Vend Berth Agent Arrival Departure KEPPEL WHARVES Hong Ou Cheng 35/6 Y Fung alongside 4.9.82/0530 Kota Jade 10/11 PIL alongside 4.9.82/1800 Ned Auckland 3/4 Ned-EAC alongside 4.9.82/2359 Q1 Xla Shan 1/2 Y Fung alongside 4.9.82/2300 Sanko Scorpio 19 CF Sharp alongside 4.9.82/1830 Barge Eng440 words
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Page 2 Advertisements
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Advertisement37 1982-09-04 2 BA LEASING (S) PTE LTD THANKS ALL WHO ATTENDED OUR OPENING IN SINGAPORE AND THOSE WHO SUPPORTED US WITH THEIR GOOD WISHES, FLOWERS AND DONATIONS TO THE SINGAPORE COUNCIL OF SOCIAL SERVICE. 2 2? X X 737 words
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TRADE AND INDUSTRY
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401 1982-09-04 3 STRAITS Construction Company Pte Ltd, which recently came under new management, has won a (15.8 million contract from the HDB. The contract, which calls for the building of 480 units of four-room flats as well as recreational facilities at Serangoon Central, is the first HDB401 words
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414 1982-09-04 3 EUROCREATIONS (Pte) Ltd, the sole agent for Chanel perfumes and cosmetics, will open the first Chanel boutique in Southeast Asia at Isetan Orchard on Nov 6 (or the retail of apparel and accessories. The boutique in Isetan's outlet at Liat Towers will414 words
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Article, Illustration187 1982-09-04 3 CHASE Manhattan Bank has promoted Fraads Tea to the post of second vicepresident and manager of financial planning and budgeting. Prior to his appointment, Mr Teo, who started his career with Chase in 19®, had varied assignments in other operation areas, including bills and data processing. He187 words
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Article, Illustration492 1982-09-04 3 THE newly set-up Singapore Industrial Machinery Industry Council will hold its inaugural meeting on Sep 9. Simic, organised under the auspices of the Singapore Manufacturers' Association, aims to promote an exchange of views and data on the industry and its development in Singapore and Asean. Similar councils are492 words
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248 1982-09-04 3 THE European Economic Commission is sponsoring a new series of EEC-Asean seminars on technology transfer. This is a follow-up to the five annual seminars on the management of technology transfer held between 1977 and 1981. The first of the series, a three-week residential248 words
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597 1982-09-04 3 NOVOTEL SIEH, a leading hotel chain in France, has set up an office in Singapore to Up the growing market for hotel management contracts in Asia and the Pacific. Mr Patrick Savourey, Novotel's representative, said that within six months erf operation here, it597 words
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Article316 1982-09-04 3 MOST of the contractors working on conservancy Jobs with the Housing and Development Board are mechanising their operations because of the difficulty in getting manual workers. To date, 14 contractors have purchased four scrubber-dryer machines and 34 higb pressure washers costing nearly $200,000. This has helped them316 words
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487 1982-09-04 3 BRITISH-based Markon Engineering Company, a manufacturer of marine and industrial generators, has set up a branch office in Singapore to service the Asean region and Hongkong. The office, which operations recently under the management of Mr Lee Boon Hock, its regional manager for487 words
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Page 3 Advertisements
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Advertisement263 1982-09-04 3 The Exciting World of Books Magazines Once again Times have made available an exciting and vast array of quality books and magazines for you and your family. Come and browse away to your hearts content. Lots of surprises in store for lucky purchasers. Come see us at booths Nos. 111-116263 words
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Article, Illustration2652 1982-09-04 4 Pyngyug released tall details ef the talks Pi Mid fat Kim D Song held with the ▼Httag Saath Kereaa effldals la May aad Nsvemher, Ifit, disclosure It years alter the pahtieatlea ef the hlstsrle July 4,1172 aerthMath jsiat statement. Aeeerdtag2,652 words
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907 1982-09-04 4 Government of the DPRK Independent Government Achieving independence for the country and the nation poses itself aa a very important question in the struggle tar the Independence of the masses of the people. Without solving this question the independence of the masses of the people, subjects of society and history,907 words
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Page 4 Advertisements
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Advertisement60 1982-09-04 4 Congratulations Best Wishes to the GOVERNMENT PEOPLE of the DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA on the occasion of their 34th ANNIVERSARY of the FOUNDING OF THE DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA from i/j PANTEX (PRIVATE) LIMITED 712 (7th Floor) Far East Shopping Centre, Orchard Road, Singapore 0923 Telex Add: PANTEX60 words
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Advertisement50 1982-09-04 4 Congratulations Best Wishes to the GOVERNMENT PEOPLE of the DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA on the occasion of their 34th ANNIVERSARY of the FOUNDING OF THE DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA from SINSAR TRADING (PTE) LTD. 55-A, CHINA STREET, SINGAPORE 0104 Tel: *****0, *****, Telex: RS ***** SINSAR Cable: "SINSATRACO"50 words
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OVERSEAS
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Article438 1982-09-04 5 Reuter UPI US SANCTIONS on European companies supplying equipment for the Soviet gas pipeline would shatter trust between Europe and the United States and cause economic hardship to both sides, European Community president Gaston Thorn said. Mr Thorn, who was speaking on Thursday in AustriaReuter; UPI - 438 words
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WORLD IN BRIEF
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Article331 1982-09-04 5 THE Ugandan parliament has approved the first stage of a Mil under which thousands of Asians expelled in 1972 by ousted dictator Idi Amin will be given 90 days to reclaim confiscated property. The bill, which is expected to be passed into law within a week, stipulates that331 words
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335 1982-09-04 5 Reuter ATTEMPTS to stave off bankruptcy at AEG-Tele-funken ran into fresh difficulties as the West German company's banks objected to the conditions set for the government-backed credit package. Dresdner Bank, leader of a consortium of 25 banks, said in a statement thatReuter - 335 words
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Article211 1982-09-04 5 AFP GHOST ships, fully automated to cruise the world's oceans with not a soul on board, are the answer to ship owners' problems. The idea could be achieved with existing technology, said Sir Yue-Kong Pao, chairman of the Hongkongbased worldwide shipping group, whose speech wasAFP - 211 words
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276 1982-09-04 5 Reuter THE Reagan Administration wants the European Common Market to restrict its exports of steel pipes and tubes to America in a bid to settle the US-European steel dispute. UK government sources said the proposal was put to Britain's Trade Minister PeterReuter - 276 words
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Article431 1982-09-04 5 Reuter AFP THE Japanese economy is recovering steadily on the strength of growing domestic demand after overcoming the effects of oil price increases The Finance Ministry said in a special report on Thursday that the nation's economic structure is shifting its centre from hardware industries, such asReuter; AFP - 431 words
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343 1982-09-04 5 AP INDUSTRIAL production in seven major countries declined in May, dropping to its lowest point since last year. The US Department of Commerce said on Thursday that its index of industrial production in the seven countries Japan, France, the United Kingdom, Italy, Holland, CanadaAP - 343 words
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152 1982-09-04 5 Reuter THE WORLD'S largest diamond producer, De Beers, is to raise the price of its rough diamonds by an average o( 2.5 per cent despite the depressed state of the world market for the gems. The company said on Thursday that the (MiceReuter - 152 words
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Page 5 Advertisements
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Advertisement122 1982-09-04 5 Tha daily Aircraft Schadula has baan hald ovar. Flight information can ba obtainad by talaphona from tha airport (*****34/*****88) or from tha raapactiva airlinaa: Tal Mo: SIA *****33/*****44, Garuda *****54, MAS *****22, CPA *****55, Qantaa *****44, BA *****55, KLM *****42/*****44, JAL *****44/55, UTA *****2? Information on othara can ba obtainad122 words
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Article473 1982-09-04 6 A MAN from Poland died and was sent to Hell, where he was surprised to find two entrances, one marked Capitalists and the other Communists. Nobody appeared to be interested in the Capitalist Hell so he joined the vast queue outside the Communist one. Asked what happened473 words
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Article, Illustration1251 1982-09-04 6 SUZY MENKES - By SUZY MENKES LPS A PAIR of classic blue jeans faced its most stringent test in 1972. It went through a heavy industrial washing machine as quality controllers tested the dye, the shrinkage and the performance of thĕ fashion fad that was sweeping the world.LPS - 1,251 words
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Page 6 Advertisements
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Advertisement202 1982-09-04 6 .g, fSm i si i I I I I Wt-Mi i 1 I I w V *m II you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you It you're a freight forwarder or in anyway connected with the shipping and cargo202 words
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Page 6 Miscellaneous
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Miscellaneous885 1982-09-04 6 SINGAPORE 5 TONIGHT'S mldalght dm vie la Smme KM at Mlrmcle (Ch 1,llJt). T«» vlbraat, carefree to be married uitfgi a critical teat «f their lave wfcea the yaaag maa b paralysed la a sarflag aeelIVe ma vie atara Andrea Mareavteei, David Dakea, Michael Gyaae, Art EDadle aai Naacy Marehaai885 words
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Article, Illustration414 1982-09-04 7 LEE COMEGYS - By LEE COMEGYS UPI ALTHOUGH Rockefeller Centre still lacks an opera house, it is unlikely anyone today would call it "Rockefeller's Folly." The famous "city within a city" is marking its 50th birthday with six months of special events. In 1932, a year thatUPI - 414 words
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Article, Illustration237 1982-09-04 7 LPS ARTISTS using this advanced computer graphics system Flair can "paint" video pic tares with a choice at more thaa If million shades of colour. Originally developed by the British BroadcastIs* Corporation to rapidly prodace images (or televislon transmission, the desk-rise system can alsoLPS - 237 words
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Article1198 1982-09-04 7 JOHN HOLUSHA - By JOHN HOLUSHA NYT THE hoopla of September that once ushered in the new model year in Detroit is long gone. Trying to make the best of a market that has stubbornly refused to respond to three years of rebates, new models and advertising blitzes, USNYT - 1,198 words
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1066 1982-09-04 7 JANET MARSH - Two hundred years after one of Britain's most bizarre naval disasters, JANET MARSH discovered, it is still possible to form a whole collection of souvenirs of the wreck of the Royal George. JANET MARSH FT THIS year marks the bi-centenary of one ofFT - 1,066 words
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Page 7 Miscellaneous
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Miscellaneous674 1982-09-04 7 < -ii-oie crossword CRYPTIC PUZZLE ACBOSB 4 Garment put back in a container (6) 7 Contribution to a personal column (8) 8 One person I see being sarcastic (6) 10 River partly behind us (5) 13 That of some cruiser, we're told (4) 14 Jump and turn pale (4) 15674 words
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Page 8 Advertisements
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Advertisement867 1982-09-04 8 Where to wine, dine and entertain with the American Express Card The true Seaport flavour >4S >n :v m M "J* Our popular Nonya Buffer Luncheon at a special price. With tongue tickling delights like Curry Ayam,Chap Chye and Sambal Timun, just to name a few. Take your pick, it's867 words
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Advertisement135 1982-09-04 8 tl 'w This it Thai Seafood at its authentic bast So freah, it could have been alive 15 minutes before coming to your table It was An enormous variety o( succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant wocMpn noio Penang Road. Singapore 0923 Tel135 words
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RAW MATERIALS
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Article177 1982-09-04 9 iCDNESE Pndiee Exetege, mm cUcdag prleee •per 1M kg yertenUy. CttMit «U: Bulk fob $81.00 -sellers, old drum (in second drum) fob $93.00 sellers, mw drum fob $97 00 sellers. I C*pra: Mixed (loose) $40.00 ■buyers. Pepper: Muntok white pepiper fob Asta NLW $307 50 selljws, Sarawak white177 words
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Article143 1982-09-04 9 yARN and cotton prices were quoted as follows in Qongkong yesterday. •Jin HK dollars, spot ex-go-4ewn) Ottea yvi: China Blue Phoenix 20b 2,390; 32s 3,080, 40s £200 (per bale of 400 lbs). i PmUatea raw euttam: LSS imsv, 4F 6.00, 289F 6.10; NT poller ginned 6.02 (per lb). GLOTH143 words
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Article318 1982-09-04 9 &NGAPORE: Yesterday's dosing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent (fat class (Kangaroo) new cfop 1.00, 100 per cent second Ala— 0.78, 100 per cent third ctus 0.73, 25 per cent new crop no stock, B-10 per cent 0.72. vTHAI BROKEN. A-super 038, Special 0.55.318 words
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Article216 1982-09-04 9 SOYBEAN futures in Chicago on Thursday edged to new day's highs late in sympathy with the afternoon rally in gold, to close up 3*4 to IV* US cents a bushel. Local short-covering in response to strength in precious metal markets and dollar weakness extended Wednesday's closing technical recovery from216 words
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Article193 1982-09-04 9 WHEAT futures in Chicago on Thursday held gains to close up IV4 to 2'A US cents a bushel. Traders cited the AWB's lowered 1962/83 Australian wheat crop estimate as constructive to prices in Chicago and said the market also received support from recently improved export tender business. Carryover commercial193 words
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Article148 1982-09-04 9 THE Malaysian crude palm oil market yesterday rose further on covering support in moderate trading, dealers said. In September central and south rose Ms3o and MJ22.50 respectively to MJ76O a tonne while in October central and south firmed M 137.50 and MJ2O respectively to 1760. Refined saw RBD148 words
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Article302 1982-09-04 9 RUBBER PRICES IN Singapore yesterday closed slightly higher with September One RSS buyers quoted at 181.50 cents per kilo, up 0.75 cents from Thursday s close, dealers said. Morning prices were marked up slightly and gained further ground on speculative buying and weekend covering. Afternoon prices eased slightly on302 words
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Article30 1982-09-04 9 Rubber Sept 3 Singapore: Sept: 181.50 cents (up 0.75 cent) Malaysia: Sept: 199.00 cents (unchanged) Tin: M 529.85 per kilo (unchanged) Official offering: 117 tonnes (up 46 tonnes)30 words
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Article82 1982-09-04 9 THE STRAITS TIN price in Penang yesterday held steady at M 529.85 a kilo, and within the ITA lower sector of M 529.15 and Ml».*. Dealers said the market was line with the steadier overnight LME and also helped by Japanese, European and local haying interest. Turnover rose82 words
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Article415 1982-09-04 9 R AS prices in cent* per kilo yesterday Noon (per kilo) Buyers Sellers Int 1 RSS prompt f.o.b. 183 00 1X4 OON Int 1 RSS Srpiewtar 182 50 183 00 Inl 1 RSS October 183 50 1X4 00 Int 2 R.S.S 173.75 175 75N UK/Coot 172.75 174.75N Int.415 words
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Article119 1982-09-04 9 NOON 881 1 and SMR pnem ym* arday RAJ 8SR» SSRSO H um palWt) <1 ton pnllatl Stftw iCarranl Nrm 1 160 00 157.10 iktr 1 Mtk) 161 00N 1SU0N lP«r*tr4 Mtk) l«;«n Salter* 1(100 1C200N ISA SO IS* SON MRILB SMRCV SMR L SMR SMR CP119 words
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509 1982-09-04 9 AP Reuter WORLD SUGAR output, which soared to price-de-pressing levels in 1961-82, is headed for near-record production in the year ahead, the US Agriculture Department said on Thursday. But the huge supply will not mean lower prices for American consumers. Prices areAP; Reuter - 509 words
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Article303 1982-09-04 9 THERE was again little change in market conditions over the previous week, with trading being hampered by the closures of the London market on Monday and Malaysia the following day for their respective Bank Holiday and the 25th Merdeka celebrations. Holiday, Caller, Batk aad Cwnpaay said in303 words
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Article1005 1982-09-04 9 COFFEJK: London robusta coffee futures ended yesterday morning £20 in near contracts to £3 a tonne up on Thursday night's close. 1,446 lots were traded including 350 self trades and 19 options. Traders said prices which opened barely changed on Thursday night's close fluctated all morning but generally1,005 words
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INTERNATIONAL STOCKS
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Article90 1982-09-04 9 33 rr* ■o. roa Dm Talafunkan S1JP -U f 110JO unch if 10»J0 +0.4 r iooso -as ■MTSbulk 121.40 >1.4 J Oumml 47JN -0.1 liar-Bans ***** +1 MM ***** -1 itcb* Bank WW) -OS dncr Bank 114.00 +1 100.00 unch Hoachat Hooch Horten Kantadt KHD Und* Pi—on Rn ST90 words
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Article166 1982-09-04 9 SOFT OS Prmnca BandoaPc MO +U Btndoi Rlt 1900 4-10 Action* Sulaaaa MO unch Sulaar Pc 1M -4 AhonlM Br m -J Sulaar Rw 14MB AMBElaii Rk 121 unch awta Bank Br I» -4 Brawn Bowl Br HO swlas Bank Corp cttaortcr Br UK unch Raf Ml CttaOal«yPC MHO166 words
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Article60 1982-09-04 9 SIFT OS rr* FORWARD MARKET Mac «M -10 ArM US* +M Aatair mi -24 unch -2 -30 -m unch It Bra-Lamb 1340 CMale i» Ml Cp 130 MBnti 236 -ft 9o)r*j A 3H V Mont JOB CASH MARK! ajmt am am Fort Motor MM SocOcnBuvquc M40 -s 20 IT60 words
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Article120 1982-09-04 9 «wt« Pn GROUP B CORBE1LLE Camfour 1M Alr-LhpUd. 4M *V iiS3Ui-,:= 5' MnocM opf! Pvitw ia CBF (Tbomaon- IWiroit ***> tyV LSI -4 ItadloteemiiqiM B3 -1 C eZJt*tr£m IM.10 +0.1 GKOUP C CndltPonctcr De Pnooi T!5 CoBDiinli bJSET iasJD +u :a s- s MlctMlln (B) m -11 rSS -io120 words
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Article156 1982-09-04 9 SEPT OB rk HVA SOjOO lajo unch •1 ABN MiJi uncb KM) 14.40 14 Ahold MM -U BOa MM -U Akso M.70 -0 3 Mtnttt MJO AMEV Ok TO -0 1 Niute 11 10 ♦0 1 AnfM nitu -11 NaUonaJ Nad 1UM uncb Amrotmt MJO Nob 107 DO unch156 words
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Article95 1982-09-04 9 SEPT a Lira Mediobanca inn -«0 M llano Am* Ord ***** -266 Barton n •a Mondadorl PrtT 3060 -126 Bel ***** 280 MontcdUon 106 -U Central* Od MO -MO Olivetti Ord Cond Acqua Roma 141 •7 23B6 -16 Pirelli And C 2660 -a Eridania uoo -100 Pirelli Spa 131095 words
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Article201 1982-09-04 9 sxpToa AMUM Alcan Alfoma Bank Moot Bank Norm Scotia ■tell Tel C* Uft n% M a W» llf ft 1 ft ft a u* it* Uft lift 1SH IS 2ft ft ft H ft ft -ft unch unch BP Can Ltd |7 ft lie Btodci a ~H Bwcan 15ft201 words
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Article924 1982-09-04 9 NEW YORK A LATE RALLY in New York on Thursday brought the market up to its highest level inover a year as investors rushed to invest their money in stocks ahead of the long Labour Day weekend. The Dow Jones industrial average was up only about 3Vi924 words
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Article257 1982-09-04 9 SEPT CS Rand INDUSTRIALS A Alpha «07B Abcrcom no unch AE And n Til m 2560 III tsar* Bar low C O Smith an 1360 «0 IA nt CurrW F1n&nc« Dc Bmm Ind 236 unch HI m unch unch FufU 290 unch OnUmn no SO HlvtM m Lit) Holds257 words
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Page 9 Advertisements
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Advertisement10 1982-09-04 9 APOLLO Theatre Restaurant Nite Club TEL: *****66 Jlk M< m!10 words
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2427 1982-09-04 10 BID and offer prices officially lilted and business in and reported to the Stock Exchange of Singapore yesterday, with the number o( shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Ac ma (1668)2,427 words
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Article181 1982-09-04 10 UNO AFOU UNIT ISC vr DIAMOND MOT rrou (■■(■r frttM (MinaW «taae Mr fls* 4 The Cowmen* L«7 2 81 Aug Sap The Saving! Fund 150 151 Diamond S pore Prof Fund S pore Sac Fund 122 1.7» IB IB Spore Fd(USt) si OS 114 0.57 IB S181 words
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Article2935 1982-09-04 10 IMS High Low Coapuy Last Sal* +orGr*s Div Div CTT Gr*s YTd Net P/E Vol COOO) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 380 233 308 320 141 291 480 328 247 132 210 283 88 138 200 240 Acma Alcorn Allied Choc BAT Bata Ben Berjaya2,935 words
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Article1952 1982-09-04 10 BID and offer price» officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In bracket! In lots of 1,000 units, unless otherwise specified INDUnVIALf 't Mtmm (1MB) (4) 1 11 (1) 1 23 1.19 (X)1,952 words
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887 1982-09-04 10 LJGHT profit taUag hrsaght share prices smrgtaaHy dewa m the Bhppiw stock market yesterday, bat the preeeace ef widespread beylag sappert saggested that the earreat hall raa Is far tram ever. A dp sf la vectors' grewlag laterest la the market Is the fairly beetle887 words
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Article349 1982-09-04 10 A SUSTAINED round of profit taking took shares generally lowĕr on the Kuala Lumpur stock market yesterday. Volumes remained high. After making good headway in the morning session, share prices subsequently fell prey to bouts of profit taking in the afternoon to close at or349 words
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COMPANY NEWS
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894 1982-09-04 11 HONGKONG'S seven publicly-listed commercial banks are expecting tough times in the current half of the year although they did qpt suffer losses in the first six months. All of them, except newlylicensed Sun Hung Kai Bank Ltd, actually recorded some earnings growth in the894 words
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Article402 1982-09-04 11 Reuter BRITISH Petroleum Co PLC is continuing to reduce its assets to levels appropriate to lower forecasts of demand. In a statement accompanying its second quarter results, BP said costs arising from Hie withdrawal from polyvinyl chloride manufacture, the complete closures of refineries atReuter - 402 words
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Article219 1982-09-04 11 TEXTILE Carp af Malaya (TCM) Bhd'a pre tat profit has takes a tarn far the better with a rise af IS per eeat te 9HMN far the six maatha faded Jane 31, IKL Ike aptara eemee after a drastic 17 per eeat fall la pre tax219 words
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882 1982-09-04 11 CHAN OI CHEE - Market Ttlk... By CHAN OI CHEE THE current weakness In world commodity markets and the Malaysian property market is expected to affect considerably the profit margins of four Malaysian-based companies. However, their diversified activities and restructuring efforts should bold them in good stead.882 words
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ASIAN STOCKS
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Article361 1982-09-04 11 PRICES IN Sydney yesterday opened higher and firmed throughout the day as investors were enticed into the market by higher prices oft Wall Street and a sharp rise in gold prices, brokers said. The All Ordinaries index gained 6.7 points to 487.5, aided by a strong gold sector. Among361 words
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Article405 1982-09-04 11 HONGKONG THE Hongkong stock market yesterday rose in late trading, with most issues closing at their highs in moderate trading. The overnight rally on Wall Street supported the market, they said, and there was some institutional buying and short covering, with a little profit-taking at mid-ses-sion. Sentiment405 words
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Article441 1982-09-04 11 PRICES IN Tokyo yesterday were sharply higher with sentiment enlivened by the overnight Wall Street upturn, the yen's advance against the dollar and a gradual return of foreign investors to the market, dealers said. The market average rose 49.68 to 7,175.59 in a moderate trading volume441 words
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Article101 1982-09-04 11 MPTO» BahU S" > in-nl *2*5"™'' C«m«nt 114 < Stun Cndlt rJO South Ajla Flbr* "W U3 Thil CoiDOMitl&l Ban®** Bank M >4 M» EuOf A|«dl»|t Thai Dtnu Bank 157 Tttl rmwiknk a tk.i oiaji ■wtl J«ekar OB unch CbarooncThal Thai Industrial J""! Oain rwmmm Thai Mutual nmTn* «75101 words
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Article92 1982-09-04 11 KPT M Pmam AeoJ* Mtnlnc IM uneh Anglo PhU IM unch Apn lilnlnc B MM «UW AUu Con B. IBM *0.1 Bufulo Ootd MM uncb Bute PMntoun ilU *UM BtnnttCon B MM +S CDC* LM -CI rim mil km«i in UfUlo B. MM MM Mlrtnflaoi Mi uncb MnMl Oriental92 words
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Page 11 Advertisements
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Advertisement677 1982-09-04 11 < X \IKM W r JI s 3 c Ifl a a z <! CC a B 3 H 3; U g 0. in > < H ir. :m JC -L. ro i r. TIIK (ONI KIiKNd; 11MP IS MIISr\. I'lnic spent .»n dealing with l< aw n disputes and677 words
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Chief Price Changes
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Article149 1982-09-04 12 Rites Indices 8 B 8 CwltWit Vu Dor Horst 280 490 92 30 Sep 2 Sep 3 308 24 BT Indicator: *****2 19tt44 Hou Lmi| lad ICS CBafui 8kaa*ri-La PMf 1 906 +20 ST Industrials ©2 99 66.14 940 926 484 290 +20 1S 14 12 ST Finance: ST149 words
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Article, Illustration161 1982-09-04 12 MOST stares tahtad slightly tower m a miner boat af pram-taktf aa the Stags pare stack sMikat yaatariay. The Strata Tlmea lad—trial Max last 1M paints Is fflfJ4, while the Maaas Tinea bdfcatar af the toy's 1« mat active stacks fell 1148 paints te 11M44. Rites Indices C161 words
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Article51 1982-09-04 12 FINANCIAL T1MK8 INDUSTRIALS Thursday 882.8 Wednesday 881.6 Week Ago S78.1 Friday 1076*6 Thursday.. 1048XJ8 Week Ago 1048.83 AUSTRALIAN INDUSTRIALS dow jorats average INDUSTRIALS mday —61X4 Thursday 610.4 WMk Ago 61X2 Thursday 908.40 Wedi3| J8M6 WMk Ago 8BX41 HXHANO SENG ALL ORDINARIR8 ■viMs v 47&Ji Thursday 4808 Week Ago51 words
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Article72 1982-09-04 12 AP NEW YORK stock prices surged on heavy trading again yesterday as the market continued its powerful late-summer rally on the eve of the Labour Day weekend. The Dow Jones average of 30 industrials soared 14.44 points to 923.84 in the first half hour. Analysts said theAP - 72 words
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470 1982-09-04 12 PUBLIC Bank has turned in a more moderate rate of growth in its latest interim earnings, as against the sharp surge seen in the first half of 1981. Group pre-tax profits Tor the six months to June 30, 1982, rose 21 per cent470 words
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168 1982-09-04 12 THE CARRIAN group is pluming a Asloo redevelopment project in Sydney to be undertaken Jointly with Waltons Bond Ltd, a retail group. New South Wales Prime Neville Wran unveiled the project which has been a subject of months of speculation. The redevelopment168 words
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Article, Illustration672 1982-09-04 12 CHOO AI LENG - By CHOO AI LENG INTERNATIONAL Wood Products Ltd, currently the target of a takeover bid, is expected to incur a loss of $3.98 million and may not be able to declare a dividend for the year ending Feb 28, 1983. This is the main672 words
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Article184 1982-09-04 12 UNITED has announced the resignation of Mr Peter Bonner as managing director from Aug 27. There was do Indication from the company on who will replace Mr Bonner, whose resignation bad been expected since Mr Oei Hong Leong, representing United Industrial Corporation's stake in UE, took over the184 words
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517 1982-09-04 12 FLORENCE CHONG - By FLORENCE CHONG SYDNEY retailer Grace Brothers Holdings Ltd has refuted claims by Woolworths Ltd that there has been any materially adverse change in the financial position of the company. In a hard-hitting statement issued in Sydney, the company's chairman, Mr Michael Grace, said Woolworths517 words
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Article878 1982-09-04 12 THE STOCK market yesterday ended the account on a htghei note with much of the demand noted lor (old shares and fixed interest stock in reaction to Latin American debt problems, dealers «aid. At 3pm, the Financial Times index was up $.9 points at 9BA Gold shares ended878 words
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170 1982-09-04 12 DUNLOP UK has won a £200 million contract to supply main wheels and structural carbon brakes for Boeing's new 757 Jet which will enter service in early 1964. A statement issued yesterday on behalf of Dunlop Malaysian Industries Bhd (DMIB) described the contract170 words
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313 1982-09-04 12 MONEY spinner Kuala Lumpur Finance Bhd (KLF) has once again boosted the earnings of its parent company, Kuala Lumpur Industries Bhd (KLI), (or the year ended Oct 31,1981. KLl's finance subsidiary last year saw a jump of 91 per cent in its pre-tax profit313 words
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Page 12 Advertisements
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Advertisement25 1982-09-04 12 4 Jew wrever Qsmda Qbmgppore's Teoh Eng-Soon This book is now available at all leading bookshops. Price $14.50 Puuuitdby TIMES BOOKS INTERNATIONAL OktribumiDy FEDERAL PUBLICATIONS25 words
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Advertisement169 1982-09-04 12 Reminiscences erf Dr W PHENG GECK DR YAP PHENG GECK was well known in the I 11 > Banking and Finance I 1 r circles of Singapore. M He played a prominent part in the early days of yC/ yll Chinese banks, especially TV y in the establishment of the169 words
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Page 12 Miscellaneous
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Miscellaneous57 1982-09-04 12 > OUTLOOK for today: Cloudy in the morning; scattered showers in the afternoon. Beparft far M knn prlsr to l»pai m Sep S at the airport: Maximum temperature 2^ Associated humidity Minimum temperature 24-0 Associated humidity JJ> Hours of sunshine 0-10 Rainfall in millimetres 0.8 Total rainfall for the month57 words
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